Chicago wheat declined on Wednesday, erasing most of the gains made the day before when worries that escalating wartime tensions would impact shipping in the Black Sea exporting region sent grains markets higher.
Traders continue to keep a sharp eye on Brazil weather forecast
Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans
Railways between U.S. and Mexico reopened five days after key trade routes closed
The Canadian dollar strengthened relative to its United States counterpart
Corn up on technical bounce, wheat up on weaker dollar
Exports being lost because of US-Mexico rail crossing closures, industry says
U.S. wheat prices essentially bottomed out during late November; recovered somewhat in December
Wheat futures rose on a technical bounce
Good export demand also underpinned soybeans
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil